The Success of The Data Alchemist Boot-Camp
TL;DR:
To date, theĀ Data Alchemist Boot-Camp has had over 2000+ applications, 600 alchemists join and 250 complete the program.
The 4-week boot-camp teaches alchemists how to create in-depth Reach, Retention, and Revenue (RRR) analysis to answer business questions across multiple chains, protocols, and user types.
We're proud to have helped 10s of alchemists land jobs in the Web3 industry. It shows that knowing how to use Covalent's products is an extremely sort after skill.
Curating a strong community has been a focus of Covalent's for many years; excited to see such an amazing community form around our product.
A Journey of Dedication and Achievement
Inspired by the original Alchemist Program, season one of the Data Alchemist Boot-Camp had the initial goal of getting 50 applications from people hungry to learn Web3 data analytics. That goal quickly ballooned to 1500 within a week as the excitement from the community was huge. Season one accepted over 250 applications where the nearly found Alchemist's spent 4 weeks learning how to analyze Web3 businesses with our SQL-based analytics tool named Increment. The SQL-based nature of the program made for an extremely technical course that only 125 Alchemist's finished.
Season two of the Data Alchemist Boot-Camp used a new, compelling, no-code feature of Increment name models. Increment models are the only tool on the market that encodes business logic - Reach, Retention, and Revenue - into an SQL compiler that can write valid SQL for you. The tool takes every possible chart creatable with SQL-based tools and bakes them into a standardized, open-sourced set of dimensions and measures - known as a model. Due to the ease of using this product, Alchemist that participated in season two spent a lot more time analyzing than writing code.
In just two seasons, the Data Alchemist community has:
2000 Applications.
600 dedicated Alchemists that are hungry to use Covalent's products.
250 Alchemists that have successful completed one of the seasons.
The rigorous program is not for the faint-hearted; it demanded dedication, commitment, and a thirst for knowledge. We're proud to have helped bridge the gap between Data Alchemists and experienced blockchain professionals, offering opportunities for learning and career advancement in the industry. A considerable number of the Data Alchemists have already gone on to secure analyst positions in the industry, showcasing the real-world impact of our program.
Preparing Analysts For The Wild of Web3
The Data Alchemist Boot-Camp equipped participants with specialized insights into Web3 businesses. We delved deep, teaching how to segment and analyze by chain, protocol, and user types. Key course components included:
Blockchain network metrics: Understanding the health and performance of different chains.
NFT marketplace comparisons: Evaluating what makes one platform stand out from the rest.
Tracking DEX traction: Gauging the popularity and potential of decentralized exchanges.
Analyzing risk in lending markets: Navigating the challenges and opportunities of decentralized lending.
Furthermore, our course was enriched with guest lectures from industry experts:
Raleon focused on the complexities of user segmentation in the Web3 space.
Luke discussed the role of brand and distribution in the success of NFTs.
Firestorm from Dexalot provided insights into the future of DEXs and their relation to traditional finance.
Robert from 1kx delved into the intricacies of risk in decentralized lending markets.
To watch all the course material, click the link below!
About Covalent:
Covalent provides the industry-leading Unified API bringing visibility to billions of Web3 data points. Developers and analysts use Covalent to build exciting multi-chain applications like crypto wallets, NFT galleries, and investor dashboard tools utilizing data from 229 + blockchains. Covalent is trusted by a community of 40,000+ developers and powers data for 5,000+ applications, including 0x, Zerion, Rainbow Wallet, Rotki, Bitski, and many others.